Links 13 September 2013

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Global Macro / Markets:

North America:

  • Why Michael Woodford Thinks the Fed Should Taper – Bloomberg
  • Tired Of Inequality? One Economist Says It’ll Only Get Worse – NPR
  • Jobless Claims Slump as Two U.S. States Upgrade Systems – Bloomberg
  • Summers Seen Prone to Tighter Credit Than Yellen in Global Poll – Bloomberg
  • Labor Department’s Bumbling Bureaucrats Can’t Count – Bloomberg
  • Leading GOP Senator Would Oppose Larry Summers’ Nomination – Huffington Post
  • Lies, damned lies and the US unemployment statistics – Financial Times
  • Analysis: Five years after Lehman, risk moves into the shadows – Reuters

Europe:

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  • Italy floated plans to leave euro in 2011, says ECB insider – The Telegraph
  • Blow to German banking union plan – Financial Times
  • U.K. Banks Face $79 Billion Capital Boost in Future Basel Rules – Bloomberg
  • Euro zone output falls in July, points to shaky recovery – Reuters
  • Brussels probes multinationals’ tax deals – Financial Times

Asia:

  • At Sina Weibo’s censorship hub, China’s Little Brothers cleanse online chatter – Reuters
  • Banks lead China stocks resurgence – Financial Times
  • RESERVE BANK OF INDIA: Dear Citizens, Please Stop Making Garlands Out Of Your Money – Business Insider

Local:

  • Abbott’s attack on unions – The AFR
  • Government projects set to offset resources CAPEX: BHP – The AFR
  • NSW construction to recover strongly – The AFR
  • Yes, there is a Budget emergency – The Australian
  • Myer chief sees another gloomy year ahead – The Age

Other:

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  • A Plea for Caution From Russia – New York Times
  • Pushed to the limit as a banking intern – BBC
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.